:45:18
Gentlemen, Tess McGill.
:45:23
Miss McGill, I'm Jack Trainer.
:45:29
How are you?
:45:31
This is John Romano and Bernie Kotar.
:45:34
Sit down, please.
:45:42
- Coffee?
- Sure.
:45:44
- Milk or sugar?
- Both, thank you.
:45:51
I suppose we should just get right down to it.
:45:54
Sure.
:45:58
I've lost my briefcase.
:46:03
In each of the last three quarters,
Trask Industries has announced plans
:46:07
to acquire a major market television station,
each time unsuccessfully.
:46:12
At the same time they've expended time
and money fighting off a takeover attempt
:46:17
by one of their Japanese competitors.
:46:21
Buying into radio would, in one fell swoop
accomplish two important tasks.
:46:26
It would give Trask
a solid base in broadcasting,
:46:29
and, because of FCC regulations forbidding
foreign ownership of radio stations,
:46:34
it would wipe out the threat
of a Japanese takeover.
:46:41
Interesting idea.
:46:45
But I don't like it.
:46:47
Trask has got a lot of cash
on their balance sheet.
:46:50
That's why they're a takeover target.
A radio station is small potatoes.
:46:56
I can't see him biting.
:46:58
I've already thought of that.